Thermax Ltd. shares came under heavy selling pressure on Friday, falling as much as 16.08% to an intraday low of Rs 3,566.90 after the company reported a sharp decline in its June-quarter earnings.
At around 9:40 am, the stock was trading near the day's low at Rs 3,680, down 13.43%. In comparison, the BSE Sensex was trading largely flat with a negative bias at 77,817.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The sharp decline followed a weak first-quarter performance. Thermax's consolidated net profit plunged 83.4% year-on-year to Rs 25.2 crore from Rs 152.4 crore. Revenue, however, rose 6.7% to Rs 2,303 crore from Rs 2,158 crore a year earlier.
Operating performance also weakened consideraly, with earnings before interest, tax, depreciation and amortisation (EBITDA) falling 69.5% year-on-year to Rs 68.6 crore from Rs 225 crore. EBITDA margin contracted sharply to 3% from 10.4% in the corresponding quarter last year.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.